Precious metals are apparently waking up. And here is where you can find the best deals.
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Inflation May Have Been Warming up in February, but It Could Be Hot by MayMar 10, 2021 - 05:33:47 PST
Consumers will soon be armed with another stimulus check. Pent-up demand should start sending up prices on things like airfare, public transportation, hotels, dining out, and rental cars as more people feel comfortable leaving their homes.
Yellen Says Treasury to Get Aid to Cities, States in 'Quickest Way Possible'Mar 10, 2021 - 05:31:23 PST
The U.S. Treasury will work to quickly distribute $350 billion in aid to state and local governments from President Joe Biden's coronavirus stimulus bill, Treasury Secretary Janet Yellen said on Tuesday, adding that it should bring "some measure of prosperity" after the...
One in Three Americans on Unemployment Benefits Struggle to Pay for Food, Housing - SurveyMar 10, 2021 - 05:29:27 PST
Nearly a third of U.S. households receiving unemployment benefits are struggling to cover routine expenses such as food, housing and medical treatment, according a survey published by the Commerce Department's Census Bureau on Tuesday.
U.S. 10-Year Yield Could Spike 'Well above' 2% in the Next Three Months, Strategist SaysMar 10, 2021 - 05:22:56 PST
ING senior rates strategist Antoine Bouvet expected the 10-year yield to reach a “minimum” of 2% in the second quarter.
Russia and China are making plans to further their geopolitical relationship, this time, in space with the building of a new space station on the moon.
Jeffrey Gundlach Says Inflation Could Start Running a Lot Hotter, Spooking Financial MarketsMar 10, 2021 - 05:17:09 PST
The so-called bond king made a slew of big calls on bond yields and gold in his investor webcast Tuesday evening.
Treasury Auctions Are Normally Mundane Affairs, but Wednesday's Could Make or Break the Stock MarketMar 10, 2021 - 05:14:00 PST
You could smell the panic among stock traders as the 10-year yield moved from 1.1% to 1.5% in less than two weeks at the end of February, which caused tech stocks to tank. Some bond vigilantes predicted yields could move toward 2%.
Mortgage Refinance Demand Plunges 43% From a Year Ago, as Higher Interest Rates Take Their TollMar 10, 2021 - 05:08:43 PST
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) increased to 3.26% from 3.23% for loans with a 20% down payment.
The U.S. is recording at least 57,400 new Covid-19 cases and at least 1,560 virus-related deaths each day, based on a seven-day average of JHU data.
During the silver price spike last year, the United States imported a record amount of metal in July. In just one month, the U.S. imported nearly 1,000 metric tons or nearly half of the total monthly global mine supply. What's even more interesting is that during the second half of 2020...
Breaking: Goldsilver.com has announced two new products designed to bring you maximum ounces of gold and silver for your dollar. Join Mike Maloney, Jeff Clark and GoldSilver.com President Alex Daley as they discuss this latest development, along with updates on the gold and silver Real Estate ratios, analysis on a potential bottom for metals, and whether the manipulation of metals markets will ever end. Stick around for the ‘Meme of the Day’ - as Mike says, it’s more of an observation than a meme - but it is truly mind-blowing. Enjoy.
Gold jumped its most in a month on Tuesday, rising nearly $40 an ounce on the day, as U.S. bond yields retreated from their relentless run higher, allowing the yellow metal to flex its muscle again as a hedge against price pressures.
Everybody hates gold these days, but with the March FOMC meeting coming up, things could get "dynamic" to the upside.
Several factors influence gold prices (mainly the US dollar, gold ETF inflows/ outflows, inflation rate, bond yields, safe haven demand, physical gold demand, gold supply) but none is more reliable than real interest rates.
To win I just need this to NOT be the first time ever in thousands of years that gold does not do what gold has always done
Central banks are trapped between zero-bound yields and their own narratives of post-COVID recovery. Is anyone buying this nonsense?
Yet before bonds (and stocks) pop the champagne, the real test will come tomorrow, when just hours after what is likely to be an overheating CPI print, we get a $38BN 10Y reopening. That's the one that matters, and anything less than perfection at 1:01pm tomorrow could mean another mini tantrum.
Find here the top 5 charts of the day, published on Twitter, that attracted attention among the macroeconomic and/or financial community.
The Federal Reserve bought $3.6 billion of off-the-run 20-year bonds in Tuesday’s operation (7-20 year), the first time the November issue was eligible for purchase. In the last two 7-20-year Treasury operations the Fed purchased $5.5 billion more in 10-year Treasury equivalents than in the previous two.
Venezuela Issues Million-Bolivar-Bill Worth 50 Cents As Hyperinflation RagesMar 9, 2021 - 11:35:23 PST
We've seen hyperinflation episodes in Venezuela and Zimbabwe. The real question as the US dives deeper into MMT, or Magic Money Theory, will that one day result in a worthless dollar and soaring inflation?